Taiwan Paiho (TPE:9938) 3-Year RORE % : 49.88% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:9938 Taiwan Paiho Ltd TPE:9938
79 GF Score
Price NT$45.85
GF Value NT$69.01
Valuation Possible Value Trap
! 7 Warning Signs
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What is Taiwan Paiho 3-Year RORE %?

Taiwan Paiho TPE:9938 -1.61% 79 3-Year RORE % is 49.88 as of Dec. 2025. GuruFocus rates TPE:9938 with a GF Score™ of 79/100 and a GF Value™ of NT$69.01 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,000 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks better than 81.8% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Taiwan Paiho's 3-Year RORE % for the quarter that ended in Dec. 2025 was 49.88%.

The industry rank for Taiwan Paiho's 3-Year RORE % or its related term are showing as below:

TPE:9938's 3-Year RORE % is ranked better than
81.8% of 1000 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.4 vs TPE:9938: 49.88

Taiwan Paiho  (TPE:9938) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Taiwan Paiho 3-Year RORE % Related Terms


Taiwan Paiho 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Taiwan Paiho's 3-Year RORE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Taiwan Paiho 3-Year RORE % Chart

Taiwan Paiho Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.93 -1.56 -100.41 -6.90 49.88

Taiwan Paiho Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
3-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.90 24.79 64.89 62.37 49.88

Taiwan Paiho 3-Year RORE % Competitor Comparison

For the Textile Manufacturing subindustry, Taiwan Paiho's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Taiwan Paiho 3-Year RORE % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Taiwan Paiho's 3-Year RORE % falls into.


TPE:9938
79GF Score
Taiwan Paiho Ltd TPE:9938
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Paiho 3-Year RORE % Calculation

Taiwan Paiho's 3-Year RORE % for the quarter that ended in Dec. 2025 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 4.09-1.95 )/( 10.79-6.5 )
=2.14/4.29
=49.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2025 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 49.88 mean?
Taiwan Paiho (TPE:9938) has a 3-Year RORE % of 49.88 as of Dec. 2025. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Taiwan Paiho and its competitors. According to the industry distribution chart, Taiwan Paiho ranks #182 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 18.2%.
Is Taiwan Paiho's 3-Year RORE % too high?
Taiwan Paiho's current 3-Year RORE % is 49.88. The Manufacturing - Apparel & Accessories industry median 3-Year RORE % is 2.40. Taiwan Paiho's value of 49.88 is 1978.3% above this industry median. Based on the distribution chart, Taiwan Paiho ranks #182 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Paiho has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's 3-Year RORE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #182 out of 1000 companies for 3-Year RORE %. This places Taiwan Paiho in the top 18% of its industry — outperforming the majority of peers. The industry median 3-Year RORE % is 2.40. Taiwan Paiho's value of 49.88 is 1978.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for a Manufacturing - Apparel & Accessories company?
The median 3-Year RORE % among Manufacturing - Apparel & Accessories companies is 2.40, based on 1,000 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Paiho's current 3-Year RORE % of 49.88 is 1978.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Taiwan Paiho and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year RORE % is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current 3-Year RORE % is 49.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$69.01, compared to a current price of NT$45.85 — trading 33.6% below its estimated fair value. The current 3-Year RORE % is 49.88 and 1978.3% above the Manufacturing - Apparel & Accessories industry median of 2.40. Taiwan Paiho's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Taiwan Paiho (TPE:9938), the current 3-Year RORE % is 49.88 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Taiwan Paiho (TPE:9938) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued. The current stock price of NT$45.85 is trading 33.6% below its estimated GF Value™ of NT$69.01. GuruFocus considers Taiwan Paiho to be Possible Value Trap.

Key valuation signals for TPE:9938:

  • 3-Year RORE %: 49.88
  • GF Value™: NT$69.01 vs. price of NT$45.85 (33.6% below fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 1978.3% above the Manufacturing - Apparel & Accessories median (#182 of 1000)

No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Paiho Business Description

Address No. 575, Hegang Road, Hemei Township, Changhua County, Changhua, TWN, 508004
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
79GF Score

Get the complete analysis for TPE:9938

3-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$45.85
Price
NT$69.01
GF Value